What's the Right Trade In our first What's the Right Trade, we had a large number of responses. That's terrific. Many traders had good rationale for making their trading decision, as they saw it, and several wrote in afterwards saying that they learned from the exercise. Traders asked that we keep doing What's the Right Trade, so we will. Here is this week's What's the … [Read more...]
S&P e-Mini: A Study in Market Structure
S&P e-Mini & Market Structure The S&P e-Mini is my favorite market to trade. Because of the liquidity, the market typically has excellent structure. What is structure, you might ask? It’s the areas of support and resistance that the market creates and reveals itself on the chart. When a market is actively traded like the S&Ps, it is usually well-behaved and … [Read more...]
What’s the Right Trade – Answer
What's the Right Trade? Answer What's the Right Trade? There were a lot of great answers to the chart problem posted late last week. This was a good discussion. I am really impressed with many of the traders' insights into the markets and ability to read the chart! Nice job! Here is my take on this chart and how to approach assessing a market like … [Read more...]
What’s the Right Trade?
What's the Right Trade? What's the Right Trade? is a new offering at TradingPsychologyEdge.com. We take a close look at a chart in the video below and ask you, "What's the right trade?" Is it to go long, to sell short, or stand aside? Check out the video below and give your opinion about what you see and what to do in this trading situation in the comments section below. … [Read more...]
An Excellent Trading Day
An Excellent Trading Day You never know when the market gods will smile and you have an excellent trading day, but today was certainly one of them. It didn’t start as an excellent trading day, though. We held a narrow range off the US open that resolved in a Spring just after 10:30 ET. This is shown at A. The Spring was a nice trade as long as you didn’t get shaken out … [Read more...]
